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John Albertson purchases a plot of land for $15,000 exactly 3 years ago. If the land has appreciated 12% each year, what is its value
John Albertson purchases a plot of land for $15,000 exactly 3 years ago. If the land has appreciated 12% each year, what is its value now?
1. | $20,400 | |
2. | $16,800 | |
3. | $21,074 | |
4. | $45,000 | |
5. | $25,200 |
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